News

Vantiv selects Ingenico as POS provider for FI partners

May 23, 2012

Payment processor Vantiv Inc. has chosen POS device-maker Ingenicoas an equipment provider to its partners. Specifically, Vantiv has chosen Ingenico's new generation Telium series POS products using Vantiv's point-to-point encryption solution for marketing and sale to its financial institution and merchant customers in the United States.

The companies call the collaboration a proactive move to facilitate the migration to more secure EMV chip-based and NFC mobile payments in the U.S.

"Vantiv is committed to remain on the cutting edge of industry trends and is continuously seeking to provide our customers with the best-in-class, most secure technologies that are available in the market today," said Bill Weingart, chief product officer at Vantiv.

Weingart said the current dynamic changes in the U.S. payments ecosystem prompted the company to take a proactive approach.

Calling Ingenico's Telium terminals innovative, secure and comprehensive solutions, Weingart said, "We are prepared to arm financial institutions and merchants with POS devices that are ready and capable to accept any type of transactions that their business demands today and in the future."

The Telium range comes standard with all payment technologies, such as contactless and NFC, installed and and ready to activate, Ingenico said. There is no need for add-on devices or components and users have the flexibility to accept EMV, NFC, contactless and traditional magnetic stripe cards.

For more on this topic, visit the EMV research center.